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First three quarters of 2022

Exports drive Hydro-Québec’s net income in the first three quarters

Hydro‑Québec posted net income of $3,604 million for the first three quarters of 2022, up $1,163 million compared to the same period in 2021.

This significant growth is mainly due to higher sales revenue both in and outside of Québec, which was partially offset by an increase in electricity purchases.

Une énergie propre à nous.
  • Quarterly Bulletin – Q3 2022 [PDF 776 kB]
  • Earlier quarterly publications

Highlights of the first nine months

  • Markets outside Québec:
    • Sharp price increase on export markets
      • Average price obtained: 7.6¢/kWh, a more than 70% increase compared to the 4.4¢/kWh obtained for the same period last year
    • High export volume: 28.0 TWh
  • Québec market:
    • Record sales volume: 134.4 TWh
    • Cold winter temperatures
      • January 2022: temperatures 7°C below those recorded in January 2021
    • Growth in electricity demand across all customer segments
Une énergie propre à nous.
  • Quarterly Bulletin – Q3 2022 [PDF 776 kB]
  • Earlier quarterly publications
  • Romaine complex completion:
    • Commissioning of the second and final generating unit of Romaine‑4 in September 2022
  • Investments:
    • Over $3 billion invested in property, plant and equipment and intangible assets across Québec
  • Financing:
    • Completion of financing activities for proceeds of $1.1 billion in the third quarter, in a context marked by rising interest rates on the financial markets
      • Issuance of medium‑term notes maturing in 2028, at a cost of 3.49%: $0.6 billion
      • Issuance of bonds maturing in 2063, at a cost of 4.09%: $0.5 billion
    • Total amount raised since the beginning of the year: $4.0 billion

Earlier quarterly publications

  • 2022 − Second quarter [PDF 919 kB]
  • 2022 − First quarter [PDF 657 kB]
  • 2021 − Third quarter [PDF 783 kB]
  • 2021 − Second quarter [PDF 821 kB]
  • 2021 − First quarter [PDF 521 kB]
  • 2020 − Quarterly Report − Third quarter [PDF 305 kB]
    • Message from the President and CEO − Third quarter 2020 [PDF 3.31 MB]
  • 2020 − Quarterly Report − Second quarter [PDF 188 kB]
    • Message from the President and CEO − Second quarter 2020 [PDF 4.14 MB]
  • 2020 − Quarterly Report − First quarter [PDF 241 kB]
    • Message from the President and CEO − First quarter 2020 [PDF 1.17 MB]
  • 2019 − Quarterly Report − Third quarter [PDF 854 kB]
    • Message from the President and CEO − Third quarter 2019 [PDF 914 kB]
  • 2019 − Quarterly Report − Second quarter [PDF 274 kB]
    • Message from the President and CEO − Second quarter 2019 [PDF 0.97 MB]
  • 2019 − Quarterly Report − First quarter [PDF 154 kB]
    • Message from the President and CEO − First quarter 2019 [PDF 594 kB]
  • 2018 − Quarterly Report − Third quarter [PDF 320 kB]
    • Message from the President and CEO − Third quarter 2018 [PDF 366 kB]
  • 2018 − Quarterly Report − Second quarter [PDF 253 kB]
    • Message from the President and CEO − Second quarter 2018 [PDF 479 kB]
  • 2018 − Quarterly Report − First quarter [PDF 272 kB]
    • Message from the President and CEO − First quarter 2018 [PDF 972 kB]
  • 2017 − Quarterly Report − Third quarter [PDF 210 kB]
    • Message from the President and CEO − Third quarter 2017 [PDF 1.07 MB]
  • 2017 − Quarterly Report − Second quarter [PDF 182 kB]
    • Message from the President and CEO − Second quarter 2017 [PDF 2.09 MB]
  • 2017 − Quarterly Report − First quarter [PDF 173 kB]
    • Message from the President and CEO − First quarter 2017 [PDF 941 kB]
  • 2016 − Quarterly Report − Third quarter [PDF 180 kB]
    • Message from the President and CEO − Third quarter 2016 [PDF 1 MB]
  • 2016 − Quarterly Report − Second quarter [PDF 185 kB]
    • Message from the President and CEO − Second quarter 2016 [PDF 744 kB]
  • 2016 − Quarterly Report − First quarter [PDF 166 kB]
    • Message from the President and CEO − First quarter 2016 [PDF 941 kB]
  • 2015 − Quarterly Report − Third quarter [PDF 343 kB]
  • 2015 − Quarterly Report − Second quarter [PDF 310 kB]
  • 2015 − Quarterly Report − First quarter [PDF 282 kB]
  • 2014 − Quarterly Report − Third quarter [PDF 149 kB]
  • 2014 − Quarterly Report − Second quarter [PDF 153 kB]
  • 2014 − Quarterly Report − First quarter [PDF 143 kB]
  • 2013 − Quarterly Report − Third quarter [PDF 153 kB]
  • 2013 − Quarterly Report − Second quarter [PDF 401 kB]
  • 2013 − Quarterly Report − First quarter [PDF 628 kB]

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